Feed costs making bigger dents in pou...

Feed costs making bigger dents in poultry farmers' paychecks

There are 2 comments on the Douglas County Sentinel story from Jun 24, 2009, titled Feed costs making bigger dents in poultry farmers' paychecks. In it, Douglas County Sentinel reports that:

Jada Wessinger has been raising poultry in Bowdon for nearly two years for Pilgrim's Pride Corp.

Join the discussion below, or Read more at Douglas County Sentinel.

old chicken farmer

Wilmar, AR

#1 Jun 27, 2009
Those growers that are still growing for Pilgrim's Pride and getting any chickens whatsoever should consider themselves very fortunate. My farm and home were paid for until I borrowed $1.2 million to build poultry houses for Pilgrim's Pride two years ago. Now we are on the brink of losing our farm and having to move out of our house. Because of BAD MANAGEMENT decisions on the part of this company my family is on the verge of loosing everything for which we have worked so hard. I hope one day Don Jackson and Bo Pilgrim are left homeless and penniless. BOYCOTT PILGRIM'S PRIDE products.
bankrupt soon

Monticello, AR

#2 Jun 27, 2009
Here is a letter we received from the wealthy CEO of Pilgrim's Pride, Don Jackson.

Dear Independent Contract Poultry Grower

After announcing on February 27,2009, our intentions to idle the El Dorado complex, Pilgrim's Pride agreed to make another effort to sell the complex after prospects for the sale of Farmerville developed. While the Company believes that the plight and options for El Dorado had been widely known and communicated over the past 12 months, the Company agreed that one last sale effort was an appropriate action to take.

In an effort to improve the Company's ability to sell the complex while also financially assisting you, the Company paid approximately $2,240,000 to fund a pool to be used to make payments to you and your fellow poultry growers while the Company attempted these sale efforts.

Unfortunately, unlike the Farmerville complex that was acquired by Foster Farms, Pilgrim's Pride did not receive any acceptable offers for the El Dorado complex. Consequently, Pilgrim's Pride is in the final stage of idling the El Dorado complex. Because there is currently no viable prospect of selling the El Dorado complex, Pilgrim's Pride notified Foster Farms on May 29, 2009, that it may contract with any poultry growers who previously served the El Dorado complex, despite any language in the asset purchase agreement to the contrary.

Pilgrim's Pride regrets that a viable offer was not obtained in the most recent sale efforts and any hardship that idling the El Dorado complex may have on you. It is Pilgrim's Pride's hope that in the future if the business climate for poultry changes sufficiently, other opportunities may develop for use of the El Dorado complex or that another poultry integrator will be in a position to offer you a contract growing agreement as soon as possible.

Don Jackson
President and Chief Executive Officer

In other words, Pilgrim's Pride doesn't care about it's contract growers and the investments they have made. It is time to start packing our clothes in order to move out of our house and off our farm. I hope Don Jackson and Bo Pilgrim rot in HELL !!

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